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Manchester United plan a complete overhaul of the squad and could spend £200 million on new players while several established players will be shown the door this summer.

The Sunday Telegraph has reported today that Manchester United will make a spectacular clear-out of their under-performing squad in the summer as they bid to win back the Premier League title. Moyes’ side are languishing in seventh place in the Premier League in a dismal first season under their new manager.

It is also being reported that United could commit more than £200 million on transfer fees alone, with the club planning to attempt to undertake its ambitious overhaul in just one transfer window. David Moyes, the manager, remains clear that players want to join United and that he has the support of the club.

In United’s game against Aston Villa yesterday, a group of fans had paid £840 for a plane to fly over Old Trafford trailing a “Wrong One – Moyes Out” banner, but Moyes chose to walk to his dug-out five minutes before kick-off in order to be on the touchline when the stunt took place.

Prior to this game Moyes’ future at the club has been questioned following recent 3-0 home humiliations at the hands of Liverpool and Manchester City, but he delivered a defiant riposte to his critics.

Now United management believe not playing in the Champions League could strengthen their title bid next season with the club aiming to win a fourth European Cup in the next five years.

United have a some very high quality transfer targets under consideration, headed by the Southampton left-back Luke Shaw and Bayern Munich midfielder Toni Kroos. The club have also held discussions about signing Sporting Lisbon’s William Carvalho – although club management is not ready to pay anywhere near the £37 million buy-out clause in the 21-year-old midfielder’s contract – and Ilkay Gündogan who has been unsettled at Borussia Dortmund.

However, United management does not hope that they will be able to sign all their targets but they are accelerating their plans with central midfield, left-back and centre-half their priorities. The clear-out will involve an unprecedented number of departures headed by Nemanja Vidic, who is joining Inter Milan, Rio Ferdinand, Shinji Kagawa, Javier Hernández, Wilfried Zaha, Nani and Anderson. United could also recoup a significant amount of money in transfer fees with the sale of these players in the summer.

Meanwhile, United are adamant that Robin van Persie, who has two years left on his contract, will not be sold and still regard the Dutch striker as a cornerstone of their side along with Rooney. Future of club captain Patrice Evra is undecided yet.

Despite recent run of poor results in the Champions League though, financial condition of United is very solid and they have plenty of cash to spend with £100 million up front available. In addition, there will also be whatever the club can bring in via transfer fees.